Stories

Ithaca Energy Operations Update Ahead of Shareholders Meet

June 17, 2014

Ithaca Energy Provided its operations update ahead of today’s Shareholders Meeting. The details are as follows. The third development well on the Stella field, well 30/06a-B1X (“B1”), has been successfully drilled to a total measured depth subsea of 16,185 feet.

BP & CNOOC Sign 20-yr LNG Deal

June 17, 2014

BP and the China National Offshore Oil Corporation (CNOOC) today announced a heads of agreement for the supply of up to 1.5 million tonnes of liquefied natural gas (LNG) per year over 20 years starting in 2019. The agreement was signed in London by BP Executive Vice President…

2014 . . . And the Story Continues

June 17, 2014

Having sat in this seat for more two decades I am sometimes asked if I’m tired of the job and ready to move along. (Thankfully, though, that question has never come from my boss.) Unequivocally the answer is “no.” While the maritime industry…

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ExxonMobil Receives Excellence Award At World Petroleum Congress

June 16, 2014

Industry leadership in producing liquefied natural gas (LNG) earned Exxon Mobil Corporation an Excellence Award today at the World Petroleum Congress in Moscow. ExxonMobil received the Excellence Award for Technical Development for its leadership in safety…

Rosneft & Zarubezhneft Seek New Opportunities on Vietnamese Shelf

June 16, 2014

On June 16th, 2014 within the frame of the World Petroleum Congress Rosneft President, Chairman of the Management Board Igor Sechin, PetroVietnam Oil Corporation President and General Director Dr. Do Van Hau and General Director of JSC Zarubezhneft…

Suncor Appoints Husky Energy's Cowan as CFO

June 16, 2014

Suncor Energy Inc , Canada's largest integrated oil and gas producer, said on Monday it has appointed Alister Cowan as its chief financial officer, ending a seven-month search. Cowan has had the same role at Husky Energy Inc, the country's No. 3 integrated oil producer, since 2008.

Jerry Wascom To Be Appointed President Of ExxonMobil Refining & Supply

June 14, 2014

The Board of Directors of Exxon Mobil Corporation is expected to appoint D.G. (Jerry) Wascom, president of ExxonMobil Refining & Supply Company and elect him a vice president of the corporation, effective Aug. 1, 2014. Wascom, 58, is currently director of refining for North America…

Eni Norge Enters Agreement with DNV GL

June 13, 2014

Eni Norge AS awards DNV GL a framework agreement for the supply of inspection services to the Goliat platform in the Barents Sea. The term of the contract is three years, with an option for a two-year extension. The assignment consists of planning and carrying out inspections of static equipment…

CLOV Deepwater Development on Stream in Angola

June 13, 2014

<p>The large CLOV field in Block 17 offshore Angola came on stream on June 12 in line with the initial project schedule.<br /> <br /> Statoil has a 23.33% interest in Block 17, which is operated by Total (40%). The other CLOV partners are Esso…

Exxon Mobil's Angola Project To Hit 160,000 Barrels

June 13, 2014

Exxon Mobil Corporation today announced the CLOV project in Angola started up on schedule and is expected to reach daily production capacity of 160,000 barrels in the coming months. CLOV is the fourth major development hub of Total-operated Block 17, after Girassol, Dalia and Pazflor.

Indonesia's Pertamina Aims to Sell LNG Cargoes in July

June 12, 2014

Indonesia's Pertamina aims to sell several cargoes of liquefied natural gas (LNG) in July, and is currently in discussion over exact loading dates, a person familiar with the matter said. The producer has a quantity of unsold LNG for which it will seek to find buyers…

Total Starts up CLOV in Angola's Block 17

June 12, 2014

French oil major Total said it had started production on Thursday on the CLOV development on offshore block 17 which it operates in Angola. CLOV is the fourth floating production storage and offloading (FPSO) unit on block 17 and will contribute to bringing the block's production to 700…

Drydocks World Completes DolWin Beta

June 11, 2014

Drydocks World, a international service provider to the shipping, maritime, offshore, oil, gas and energy sectors has announced the successful completion of the pioneering HVDC converter platform DolWin beta. The platform, the world’s largest in terms of capacity…

Ghana Allows Tullow to Increase Gas Flaring at Jubilee

June 9, 2014

Ghana has given Tullow Oil permission to increase the amount of gas it flares from the offshore Jubilee field, a spokesman said on Monday, a decision that will help the company meet its 2014 production target. The British company can increase…

Norwegian MP's Settle Statoil Electrification Dispute

June 5, 2014

The electrification of Norwegian oil platforms in an area of the North Sea with power from the shore must be completed by 2022, the country's parliament said on Wednesday, settling a dispute that had threatened a $20 billion Statoil project.

Petrobras' New Record at Cascade & Chinook

June 4, 2014

Petrobras reported that on March 04th, 2014, production at Cascade and Chinook fields hit 40,000 barrels per day (bpd), a new output record for these oilfields. Cascade has 3 wells in operation and Chinook 2 wells. The record levels were achieved by bringing on stream two new wells…

Electrification of Utsira High to Happen by 2022

June 4, 2014

The Norwegian parliament's energy committee has agreed the electrification of oil platforms on the Utsira High in the North Sea with power from land must be completed by 2022, Norwegian lawmakers said on Wednesday. The decision means that the $20 billion development of the Johan Sverdrup oilfield…

Global Ocean Trade: Latest Shipbuilding Orders

June 4, 2014

Shipbuilding orders for drybulk carriers, tankships, containerships and a RoRo were placed in the past week according to 'Clarkson Hellas S&P Weekly Bulletin'. Dry bulk carriers Cara Shipping, the shipping arm of Chinese domestic company Rizhao Steel…

Pon Power Supplies Engines, Gensets for ALP, Ulstein

June 3, 2014

Pon Power Scandinavia, a supplier of marine power and propulsion systems, announced that the company has been contracted by ALP Maritime Services and Ulstein Design & Solutions to provide engines and gensets to four oceangoing AHTS. Designed to tow large structures over long distances…

Marathon Quits Norway in $2.1 bln Deal

June 2, 2014

Marathon fails to sell smaller UK business; deal worth $2.7 bln including debt. Det norske shares rise as much as 9 pct. Marathon Oil Corp is to sell its Norwegian business for $2.1 billion to oil exploration group Det norske, part of plans…

Atlantic Offshore Rescue Secures Long Term Charter

May 30, 2014

Aberdeen-based standby vessel operator Atlantic Offshore Rescue has secured a five-year charter with five, one year options to extend with Shell UK to support operations in the Gannet, Annasuria and the Dana Petroleum Triton Asset in the central North Sea.

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